Dream Secures $260 Million in Series C Funding Led by Bicycle Capital and Group 11

Dream Raises $260 Million in Series C Funding

Dream, a Tel Aviv-based company specializing in AI infrastructure and cyber defense for governments, has successfully raised $260 million in a Series C funding round. The investment, announced on June 18, 2026, was led by Bicycle Capital and Group 11, with participation from Antler, Bain Capital Ventures, and Tru Arrow Partners.

Company Background

Dream was founded by Shalev Hulio, former CEO of the NSO Group, alongside co-founders Gil D. and Sebastian Kurz. The company is focused on providing nation states with AI infrastructure and cyber defense solutions that ensure technological sovereignty without foreign reliance. Dream's services are aimed at helping governments protect critical infrastructure from state-backed cyber threats.

Strategic Use of Funds

The newly acquired funds will be used to accelerate the deployment of Dream's sovereign AI and national cyber defense platforms across various regions, including Europe, the Middle East, Asia, and the Americas. Co-Founder Sebastian Kurz highlighted the growing demand for such solutions, particularly in Europe, as nations seek to bolster their defenses against emerging AI-driven cyber threats.

"Especially in Europe, there’s much need to prepare for these new threats," Kurz stated, emphasizing the urgency for countries to own their AI infrastructure fully.

Market Context and Demand

As geopolitical tensions rise and the potential for AI-driven cyber warfare increases, governments worldwide are investing heavily in digital defense mechanisms. Dream aims to meet this demand by offering a full sovereign AI stack that allows governments to secure their sensitive systems without dependency on foreign-controlled technology.

In a recent statement, Co-Founder Shalev Hulio explained, "As AI becomes central to national security, economy, and public services, governments face a fundamental choice: depend on systems they do not control from the U.S. or China, for example, or build capabilities they fully own. Dream was founded to eliminate that trade-off."

Future Prospects

With this significant investment, Dream is well-positioned to expand its reach and enhance its offerings in the AI and cybersecurity sectors. The company's focus on enabling technological sovereignty for nation states aligns with the increasing global emphasis on securing critical infrastructure against sophisticated cyber threats.